The gold price in May 2024 is expected to reach US$2,690 per ounce.

2024-04-27 12:26:44

Gold prices remain a trend that continually interests investors. in May Still analystPredictthat prices will continue to rise due to international conflicts in the Middle East It is expected to reach 2,690 US dollars per ounce. Last April, the international price of gold reached its highest level at around US$2,430 per ounce. As for the price of gold in Thailand, it reached 42,000 baht per 1 baht of gold (as of April 27, the price was 2,338 US dollars per ounce).

Factors that point to continued price increases include:

• Inflation still high Although I’m starting to relax This creates demand for gold as a hedge.
• Central banks are buying more gold through various banks The world is trying to diversify away from the US dollar.
• geopolitical tensions (Geopolitics) such as the ongoing conflict between Israel and Palestine. This tends to make the price of gold a safe haven.
• Potential interest rate cut by the Federal Reserve This makes non-yielding assets such as gold more attractive.

*However, investing in gold is risky. Investors should study the information before investing each time.

–KBank Private Banking identifies investment opportunities for prosperity and sustainability through 3 sustainability funds K-PLANET, K-TNZ-ThaiESG and K-CHANGE.

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